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Utopia Talk / Politics / NY Fed lowers US Q3, Q4 GDP Growth
Fri Oct 05 11:31:33
N.Y. Fed lowers U.S. Q3, Q4 GDP growth view

NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.27 percent clip in the third quarter, slower than the 2.47 percent pace calculated a week ago, the New York Federal Reserve’s Nowcast model showed on Friday.

It projected GDP in the fourth quarter is growing at a 2.80 percent rate, weaker than the 2.92 percent pace estimated the week before.



As all economists stated; the 4.0% growth we had last quarter and which cuckservatives couldn't shut up about was due to companies rushing to buy inputs before the tariffs went up.

Like all of Trump's policies; he went for incredibly short-term gains at the cost of long-term strength.

What a fucking retard.
the wanderer
Fri Oct 05 11:35:48
will it stop Trump from claiming "GDP is 4%"? (he never notes 'growth')

NOPE, not unless Dems take the House anyway, then he will say it dropped because of that
werewolf dictator
Fri Oct 05 11:56:47
Atlanta Fed Keeps U.S. Third-Quarter GDP Growth View at 4.1 Percent

Oct. 5, 2018, at 11:29 a.m.


U.S. News & World Report
Atlanta Fed Keeps U.S. Third-Quarter GDP Growth View at 4.1 Percent

NEW YORK (REUTERS) - The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday, following the release of the latest payrolls and trade data.

That was unchanged from the pace calculated on Monday by the Atlanta Fed's forecast program.

(Reporting by Richard Leong; Editing by Paul Simao)

Copyright 2018 Thomson Reuters.
the wanderer
Fri Oct 05 12:08:01
Atlanta was predicting 5% back in August

sounds like Atlanta is a Trump shill

New York should kick its ass
Fri Oct 05 12:12:58
New York is a liberal shithole, anything Trump-related that comes out of there is fake news.
the wanderer
Fri Oct 05 12:15:58
Trump came out of there
the wanderer
Fri Oct 05 12:18:00
...although his whole life story is indeed a lie

it seems the guy who lies all the time now, also lied all the time in the past
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